Tuesday, November 25, 2008

Ten jobs to go on channel island daily

Channel island daily the Guernsey Press is aiming to shed around ten jobs - but sister title the Jersey Evening Post has escaped a similar cull.

Echoing an announcement made last month by the Midland News Association - also owned by the West Midlands-based Graham family - the island title is looking for a reduction of around 10pc of its 105-strong payroll.

A statement from the Guernsey Press said: "Advertising revenue is 80pc of our total revenue and 2008 has been a difficult year.

"Situations vacant advertising has been in decline throughout 2008 and property and related advertising has also reduced as house sales on the island have slowed dramatically.

"As well as declining revenue, we also face cost increases. Newsprint is expected to go up in price by 23pc in January.

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